Latest / In Focus by The Hindu
Decoding SC’s ruling on Tiger Global’s tax ruling
A recent Supreme Court ruling has put the process of how India taxes foreign investors in focus. The top court ruled in favour of the Income Tax Department by setting aside the Delhi High Court’s judgment quashing the tax demand of Tiger Global.
Tiger Global and Indian tax authorities have been locked in a legal tussle over its 2018 stake sale in Flipkart to Walmart worth ₹14,440 crore $1.6 billion. The deal was part of the U.S. retail company’s $16 billion acquisition of Flipkart that year.
Indian tax authorities argued Tiger Global wrongly used the India-Mauritius tax avoidance treaty to…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.